Fortis completes buyout of CH Energy, Central Hudson

9:30 PM,
Jun. 27, 2013

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Fortis Inc. of Canada and CH Energy Group Inc. of Poughkeepsie said today that they had completed their deal in which Fortis acquired the utility company in a $1.5 billion transaction.

The stock of CH Energy will be delisted from the New York Stock Exchange. Owners of shares will be notified by the company's transfer agent, Computershare, on how to tender their stock for payment at $65 per share. ...